Hair & Nail Salons Market Research Report | NAICS 81211 | Feb 2015

IBISWorld’s Hair & Nail Salons market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Market Share of Companies

Industry Statistics & Market Size

Revenue

$53bn

Annual Growth 10-15

2.4%

Annual Growth 15-20

Profit

Employment

1,732,584

Businesses

1,235,196

Industry Analysis & Industry Trends

The Hair and Nail Salons industry is projected to expand over the five years to 2015 thanks to rising consumer spending on discretionary personal care products and services. In the coming years, declining unemployment is expected to drive per capita disposable income growth and boost demand for price-premium services offered by this industry. Moreover, equipped with larger budgets, consumers will likely favor professional salon products and services over less costly alternatives sold at drugstores... purchase to read more

Industry Report - Industry Products Chapter

Haircutting services

Haircutting services account for the majority of industry revenue, at 45.5% of the total in 2015. This segment includes cutting, trimming, layering, styling and reducing hair length for all genders and age groups. It also includes trimming beards and mustaches, which is traditionally done by a barber. The shampooing, blow-drying and styling that is associated with the haircut is included in this segment as well. Over the past five years, the share of revenue from this service segment increased slightly. Consumers view haircuts as a more necessary service; therefore, demand for haircuts did not decrease during the recession as did other segments... purchase to read more

What is the Hair & Nail Salons Industry?

This industry comprises salons that primarily offer hair and nail care services. In addition to retailing beauty products, these companies may also provide facials and makeup applications. This industry does not include operators that mainly offer training in barbering or hairstyling, nor does it include electrolysis, permanent makeup application or tanning services.